The Key Issue Affecting General Practitioner’s Finances

On Friday 19 and Saturday 20 May 2017, MedCapital and MedRecruit will be attending the 2017 GP Conference hosted by Acurity Health Group Limited, in Wellington. Dubbed the ‘best little GP Conference’, our purpose for attending is to show alignment with Acurity’s quality values by offering specialist support that enables Doctors to live exceptional lives.

A research study conducted by The Royal New Zealand College of General Practitioners (RNZCGP) showed that of the 2146 respondent New Zealand GP’s, more than half are working more than 40 hours per week and are in the highest tax bracket of 33%, earning between $150,000 and $200,000 per annum.

This situation brings a common set of challenges, namely having the right financial structure in place, to pay the correct amount of tax and accentuate income.

The fundamental issue at the core of this is that the majority of GP’s are time poor, so adequate planning is often neglected due to ‘not having enough time’. This is a recurrent and profound factor across the whole of medicine and further research has shown that in fact 4 out of 5 doctors are delaying retirement due to financial concerns.

MedCapital specialises exclusively in helping doctors to get their finances in order, we understand the complexities of the different GP work circumstances that need to be considered when structuring finances; e.g. employed, self-employed, practice owners, etc.

Our team of experts not only aim to make sure you’re not over paying your tax, we focus on the bigger picture, as there is far more to successful tax management than getting your returns in on time and claiming expenses. The key to your success lies in your overall strategy. This is where MedCapital offer services far beyond that of accountants. Our unique Family Office set up means we can explore your finances holistically and take into account every detail, allowing us to identify opportunities for your finances to be utilised to their maximum potential and ultimately, achieve your goals for enjoyment both now and in the future.

A goal without a plan is just a wish, so, that’s where we start – by designing an Exceptional Wealth Plan, based on your goals, with a clear road-map on how to achieve them.

So if you are also attending this conference then come over to our stand and see us, a member of the MedCapital team will be there to answer questions and give you further insight into how we can help you. For more information about the conference, or to register please visit the website here.

If you aren’t able to attend the conference and would like more information then please email us at info@medcapital.net and let us know how we can help you.